Bloomberg macro strategist Mike McGlone has identified U.S. Treasuries as the next potentially major trading opportunity. McGlone suggests that if the current pump-and-dump patterns in Bitcoin, gold, and silver persist, it could lead to increased stock and bond market volatility in 2026, with a deflationary trend. He anticipates that gold, silver, and copper prices might reach cryptocurrency-like peaks by 2025, positioning U.S. Treasuries as a significant trading opportunity, particularly if the stock market stabilizes.